They don't need to have a "hedge".
They can short PLS and be long something else in market, doesn't need to be a lithium stock (Long market beta).
What you are talking about is pairs trading, not a lot of hedge funds use that strategy, much smaller part of the market.
They don't need to have a "hedge".They can short PLS and be long...
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 (20min delay)
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Last
$4.11 |
Change
-0.070(1.67%) |
Mkt cap ! $12.33B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.15 | $4.09 | $13.70M | 3.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 72602 | $4.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.12 | 151175 | 40 |
View Market Depth
| Last trade - 11.06am 09/05/2024 (20 minute delay) ? |
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Last
$4.11 |
Change
-0.070 ( 1.18 %) |
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| Open | High | Low | Volume | ||
| $4.13 | $4.15 | $4.09 | 1132213 | ||
| Last updated 11.28am 09/05/2024 ? | |||||
| PLS (ASX) Chart |